UPDATE 1-SAIC first quarter earnings hit record high

Newswire

* Q1 net up 56 pct, hits record and beats forecast * Q1 auto sales outpaced overall market on wider portfolio * Solid, double-digit bottomline growth seen for 2011 (Adds analysts comments, details, background) By Fang Yan and Jason Subler SHANGHAI, April 27 Reuters - Top Chinese automaker SAIC Motor Corp reported a surprise 56 percent rise in first quarter earnings to a record high, defying a cooldown in the world's largest auto market after two consecutive years of breakneck ...

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